UCF Spirit Animal “Knugget” Arrested for Tax Fraud

In an unprecedented turn of events, UCF’s favorite star is behind bars after reports surfaced that Knugget may have been involved in fraud.

The IRS reports that the mini-horse Knugget received a large number of cash “gifts” from anonymous donors, all of which he failed to report on his income forms and promptly ate. Further evidence suggest he may have been involved in the misuse of $38 million of state funds to build a new luxury stable.

Not much information is available at this time, but our sources tell us UCF officials were aware of Knugget’s behavior and turned a blind eye to the misallocation of funds.

This is only the latest in several incidents of “horseplay” around UCF, following last week’s controversy surrounding Pegasus being illegally towed by parking services.